Woodline Partners LP Takes Position in Crown Holdings, Inc. $CCK

Key Points

• Woodline Partners LP has acquired a new stake in Crown Holdings, Inc., purchasing 70,660 shares valued at approximately $6.3 million, representing about 0.06% of the company.
• Several large investors, including Larson Financial Group and National Pension Service, significantly increased their positions in Crown Holdings during the first quarter, underscoring strong institutional interest in the stock.
• Recent analysis from Mizuho raised Crown's price target from $110 to $127, with multiple analysts maintaining a "Buy" rating, resulting in an average target price of $120.67.

Woodline Partners LP acquired a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 70,660 shares of the industrial products company's stock, valued at approximately $6,307,000. Woodline Partners LP owned approximately 0.06% of Crown as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its position in shares of Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after buying an additional 107 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Crown by 4.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock valued at $256,000 after buying an additional 115 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Crown by 4.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 2,810 shares of the industrial products company's stock valued at $251,000 after buying an additional 131 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock valued at $58,000 after buying an additional 184 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after buying an additional 189 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Mizuho lifted their price objective on Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded Crown from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Truist Financial raised Crown from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research note on Friday, September 5th. Loop Capital lifted their target price on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their target price on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Crown presently has an average rating of "Moderate Buy" and an average target price of $120.67.

Crown Stock Down 1.1%

Shares of CCK opened at $96.53 on Friday. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The business's 50 day simple moving average is $101.07 and its 200-day simple moving average is $96.34. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's dividend payout ratio is 21.85%.

Insider Activity at Crown

In other news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the transaction, the chief executive officer owned 449,056 shares of the company's stock, valued at approximately $45,139,109.12. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock worth $5,873,770 over the last ninety days. Insiders own 0.90% of the company's stock.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.